S.E.E.D. Planning Group LLC Buys 2,203 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

S.E.E.D. Planning Group LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 103.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,323 shares of the basic materials company’s stock after acquiring an additional 2,203 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Air Products and Chemicals were worth $1,047,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APD. Vinva Investment Management Ltd bought a new stake in Air Products and Chemicals in the 3rd quarter valued at $314,000. Trexquant Investment LP bought a new stake in Air Products and Chemicals during the 3rd quarter worth about $1,113,000. Tower Research Capital LLC TRC lifted its position in Air Products and Chemicals by 65.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,049 shares of the basic materials company’s stock worth $4,265,000 after buying an additional 5,980 shares in the last quarter. Bank of Nova Scotia lifted its position in Air Products and Chemicals by 61.6% during the 3rd quarter. Bank of Nova Scotia now owns 59,463 shares of the basic materials company’s stock worth $16,852,000 after buying an additional 22,661 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank bought a new stake in Air Products and Chemicals during the 3rd quarter worth about $376,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup cut their price target on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Bank of America boosted their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $287.29.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $5.02 on Friday, reaching $258.05. 2,606,874 shares of the stock were exchanged, compared to its average volume of 2,045,374. The firm’s 50 day moving average is $259.73 and its 200-day moving average is $251.94. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The firm has a market cap of $57.37 billion, a PE ratio of 23.26, a P/E/G ratio of 2.85 and a beta of 0.84.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 EPS. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.